St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-27

~S WV Wy No.
The business in real estate during the
past week was good deal interfered
with by the preparations for Thanks
giving and the general celebration of
the day. Of course, on that day bust
ness was suspended and the people de
voted themselves to giving thanks or to
something else. The observance was
universal and no one had any time or
disposition to talk real estate.
The market remains very quiet and
steady with few sales being made ev-
cry day. There is no special demand or
inquiry and every one seems disposed
to let matters take their own course,
and wait. There is some activity in
West st. Paul and more inquiry, fol-
lowed by some good sales. The prop
erty in that part of the city seems des-
| tined 10 be popular and ever body in
that part Of the city seems to have an
mistaken confidence that sooner or
later West st. Paul will come to be
nearly as thickly populated as the north
side. This is really believed by some of
the more enthusiastic of the west side
! people.
They look down from the lofty bluffs
| to the flats below, and behold in the
| future all the space between the bluffs
! and the river filled with immense ware
| houses, manufactures and all manner
of industries known to mankind, besides
innumerable railroads, bringing and
carrying freight from and to all parts of
! the world, and handling large part of
| the same on dock that will extend
from above the Wabasha street bridge
down to Pig Eye
This fanciful vision will not be carried
| out i'll all the fullness of the enthusiasts
| dream. still good sober sense indicates
| that the portion of st. Paul referred to
| is destined in the future to figure very
! cOnspicuously indeed in the commercial
and manufacturing history of the city.
There are many real estate men in the
city who continually watch the market
with Il view of picking up something
specially desirable on the flats Though
these people do not allow their judy
mentS to go wild, and run off into such
| fanciful ideas about the future great
ness of West ST. Paul as do some of the
| enthusiasts, they cherish a very healthy
| idea of the possibilities of that part of
the town and let no opportunity
pass for securing good locations. This
is one great reason why real estate
transactions are more numerous over
tHOIO III uulL tlhiOo IldH ahS "IOlo clSc
in the city.
The new opera house appears to hang
fire and nobody seems to know why, or
if anyone does know why, no DISPOSE
ton is manifested to tell why. 1t was
reported at one time that the gentlemen
in Virginia would furni Sh the location
for the structure and take a large
amount of the stock, but so far as can
| l. ri, o., l.n
taken that are calculated to Immediately
help along the project. Many people
are beginning to shake their heads and
express the belief that the whole project
Will fall through and come to naught,
| and that st. Paul will have to go along
for several years more without what
! they are pleased to call a ''trst-claSs
! opera house." 1t is great misfortune
that the cultivated and aesthetic taste of
! the people of this city should be sub
! jected to such rude shock.
| -
! Nearly every day something is being
done in real estate in the Midway dis
trict. This is regarded as the garden
spot of the city, and property seems to
sell here when in almost all other parts
| of the town sales are dull and business
| is stagnant. A great work has been
| done at the transfer this year. The
! grading has been on a StupendOuS
scale and arrangements have been made
| for track-laying on basis to cores
! pond. Notwithstanding the miles of
| trackage the company has and those
that have been arranged for, it is very
doubtful if these will accommodate the
! immense business that is destined to
flow in upon the transfer. All along
through this Midway district and about
the transfer sales are constantly taking
place. All the property in this region
! seems to impress everybody with the
idea that there is safety in it. The
whole region is delightfully."- located, and
! its position is such that no matter where
| prices on other property may go, this
will be the last to depreciate.
~
There has been. in some quarters,
! somewhat increased inquiry for real eS-
tate on Dayton's Bluff. This part of
| the city has ever since the town was in
cOrpOrated, up to within a few years,
| been held back by the lack of convent
ences for getting to it. Had this beauti-
! full bluff been several miles distant from
| the center of town it would not have re-
| ceived more neglect than it has, being
| as it now lies, near the heart of the city.
| Within the last few years, access to it
| has been greatly improved, and this in
COHlltCilOU WIFI lIiC Ulu luEHlSIltu ny
| the energetic citizens of the bluff, has
| worked wonders in every direction.
| Broad avenues and pleasant streets
| have been graded in nearly all parts of
| the territory on the bluff. Pleasant
! grounds have been selected for parks,
| and some of them have been laid out in
! very charming manner. Besides all
| these general improvements this hereto
fore neglected portion of the city has
been abundantly supplied with water.
gre engines and engine houses, so
| that it is well protected against fire. |
! The police force has also been extend |
ed over the whole ward, so that in all |
respects it can beEsaid to be as fully |
| equipped in all respects as any other |
| part of the city. All these considera- |
| tons have served TO render all the prop |
erty on the bluff much more desirable |
than it was and consequently to in
| crease its value.
How They Stand.